Overview of Gurooriasu Nishio (グローリアス西尾)
Gurooriasu Nishio (グローリアス西尾) is a 35-year-old condominium located at Nishio Ichiyama Shitamachi Higashi Yahatayama 106-11 (西尾市山下町東八幡山106-11), Aichi, Japan. Built in 1991, it comprises 77 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥16.8万/sqm (approx. $1,119/sqm or $104/sqft).
Location & Neighborhood
The property is located at Nishio Ichiyama Shitamachi Higashi Yahatayama 106-11 (西尾市山下町東八幡山106-11), Aichi, Japan. It is a 24-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 77 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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